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Solid State Drive (SSD) Market in U.S. Region is Expected to Witness Exponential Growth by 2024

Author : Ronak Bora | Published Date : 2019-05-17 

Global Market Insights added a new report on global Solid State Drive (SSD) Market to its research database. The report focuses on global major leading players with information such as company profiles, growth, product segment, technology segment, end user segment and region.

The U.S. solid state drive (SSD) market is expected to witness growth that can be attributed to the increasing demand for advanced computing systems, flourishing cloud computing, and big data markets. Additionally, the manufacturers in the U.S. region are focusing on innovation & product differentiation to increase the penetration of their products, increase the revenues, quickening the demand for the product in the region. A substantial rise in the mobile devices, increasing need for high-capacity storage devices, and a high number of data centers in China and India are projected to drive the solid state drive (SSD) market.

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An increase in the digitization of daily activities and a huge increase in the media transfer due to social media penetration are expected to drive the solid state drive (SSD) market. In India, government initiatives, such as Digital India, are compelling people to go digital, fueling the growth of digital data. Owing to the increasing penetration of smart devices coupled with the rise of the low-cost internet, people have started sharing high volumes of data such as HD videos and high-resolution images, generating huge data on the internet. Furthermore, increasing utilization of the technology in personal computers, laptops, smartphones, and tablets for storage applications is further driving the SSD market.

Based on the types in the solid state drive (SSD) market, the product is classified into two categories, internal and external. It can be used as an internal memory storage for personal computers, laptops, tablets, and smartphones and they can be used as an external memory storing device. The industry is currently witnessing an increasing use of external devices due to their portable nature. An external device is expensive & slower; however, it can be attached to devices through FireWire or USB.

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Based on the end use, the solid state drive (SSD) market is classified into client and enterprise. In SSD market, the growing need for fast and reliable data storage options has generated plenty of opportunities in the consumer and enterprise sector. Clients, who require fast and efficient solutions are increasingly adopting these devices. Many premium computers and & laptop manufacturers are utilizing this technology as the primary device memory, making them popular amongst clients. Enterprises are giving preference to these devices over HDDs as these systems consume lesser energy, decrease sprawl, and lead to a lesser environmental footprint.

Key players in the solid state drive (SSD) market include Samsung Electronics Co., Intel Corporation, Seagate Technology PLC, Western Digital Corporation, and Toshiba, amongst others. Samsung is a leading player, which provides a broad product portfolio with strong technical expertise.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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